First Trust Advisors LP Boosts Stock Holdings in W&T Offshore, Inc. (NYSE:WTI)

First Trust Advisors LP boosted its stake in W&T Offshore, Inc. (NYSE:WTI - Free Report) by 86.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 974,242 shares of the oil and gas company's stock after purchasing an additional 450,467 shares during the period. First Trust Advisors LP owned about 0.66% of W&T Offshore worth $1,617,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WTI. Raymond James Financial Inc. acquired a new position in shares of W&T Offshore during the fourth quarter worth $32,000. US Bancorp DE acquired a new position in shares of W&T Offshore during the fourth quarter worth $33,000. R Squared Ltd acquired a new position in shares of W&T Offshore during the fourth quarter worth $54,000. RPO LLC acquired a new position in shares of W&T Offshore during the fourth quarter worth $55,000. Finally, Virtu Financial LLC acquired a new position in shares of W&T Offshore during the fourth quarter worth $66,000. Institutional investors and hedge funds own 42.88% of the company's stock.

W&T Offshore Stock Performance

WTI traded up $0.06 on Monday, reaching $1.43. The company had a trading volume of 372,270 shares, compared to its average volume of 1,693,445. W&T Offshore, Inc. has a 1 year low of $1.09 and a 1 year high of $2.84. The stock has a market capitalization of $210.40 million, a PE ratio of -3.34 and a beta of 0.53. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 75.32. The stock has a 50-day moving average price of $1.34 and a 200-day moving average price of $1.64.

W&T Offshore (NYSE:WTI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.01. W&T Offshore had a negative net margin of 11.95% and a negative return on equity of 775.16%. The firm had revenue of $129.87 million during the quarter, compared to analysts' expectations of $123.91 million. As a group, research analysts forecast that W&T Offshore, Inc. will post -0.45 EPS for the current fiscal year.

W&T Offshore Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.81%. W&T Offshore's payout ratio is -5.56%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of W&T Offshore from a "sell" rating to a "hold" rating in a research note on Thursday.

About W&T Offshore

W&T Offshore, Inc engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.